Welcome to ES!
User Login 中文 日本語
SNEC ES﹢
login-icon

Great Power invests another $5 billion to build 10GWh energy storage core and energy storage system manufacturing plant

Source：Energytrend

 

On November 19, Great Power announced that it will invest in a 10 GWh energy storage core and energy storage system manufacturing plant in Guangde City, Anhui Province, and build an independent shared energy storage R&D base project. The project will be constructed in two phases, with the first phase scheduled to be completed and put into operation in September 2025.

 

Great Power said it will register a wholly-owned subsidiary or holding company in Guangde City, Anhui Province, as the implementation entity. The project site is Guangde City, Anhui Province.

 

Great Power said that the investment is to further optimize the layout of production capacity to meet the needs of future business development and market expansion. The funds required for the investment and production expansion will be self-financed or self-funded, and are expected to be raised through a combination of equity and debt.

 

It is understood that Great Power's previous two investments were announced in July and October this year, the investment project for the energy storage core and system integration, semi-solid-state batteries, as well as power square aluminum shell lithium batteries and capacitive lithium batteries.

 

Source：https://news.bjx.com.cn/html/20241120/1411746.shtml

Declaration: The content quoted and reproduced from other organizations and websites is intended to convey more information rather than for profit. It does not represent endorsement of their views or verification of their descriptions; the content is for reference only. Copyright belongs to the original authors. If there is any infringement, please contact us for removal.